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RISK DISCLAIMER: PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. REAL ESTATE SECURITIES IS SPECULATIVE, INVOLVES RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS.

THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR A SOLICITATION TO PURCHASE SECURITIES. AN OFFER CAN ONLY BE MADE BY A PRIVATE PLACEMENT MEMORANDUM. PLEASE REQUEST A COPY OF THE PRIVATE PLACEMENT MEMORANDUM IF YOU ARE INTERESTED IN INVESTING.

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